Tag Archives: FYA; first year capital allowance; cars; good vehicles; gas stations

FYAs (First year capital allowances) extended for cars, zero emission goods vehicles and equipment for gas refuelling stations

HMRC have confirmed that the first year capital allowance (FYA) rules for business expenditure on business cars, zero emission goods vehicles and equipment for gas refuelling stations are being extended from April 2021 until April 2025. The CO2 emission thresholds which are used to determine the rate of capital allowances available for business cars are…